A party may have the capacity to enter into a valid contract but also have the right to avoid liability under it.
Correct Answer:
Verified
Q2: For a minor to disaffirm a contract,
Q7: A minor can ratify a contract and
Q10: A minor can ordinarily disaffirm a contract
Q12: In most states, the age of majority
Q12: Disaffirmance is the legal avoidance, or setting
Q14: In many states, if a minor engages
Q15: Contractual capacity is the legal ability to
Q16: In many states, certain business contracts entered
Q18: It is important that disaffirmance be timely.
Q38: Ordinarily, minors can disaffirm contracts even when
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